Trade Alert - (AGQ) – TAKE PROFITS

Trade Alert – (AGQ) – TAKE PROFITS

SELL the ProShares Ultra Silver (AGQ) January 2026 $49-$50 out-of-the-money vertical Bull Call spread LEAPS at $0.95 or best

Closing Trade

10-10-2025

expiration date: January 16, 2026

Number of Contracts = 1 contract

There are a few times in your life when bold action and extreme leverage are called for. This was one of those times.

Since I sent out this trade alert in October 2024, the (AGQ) has risen by $40, or 95%. The net profit on the position at yesterday’s close with the (AGQ) is a sky-high 217%. During this time, silver (SLV) rose from $29.23 to $44.56, a gain of $52. The 2X (AGQ) almost delivered double the return of the underlying silver as promised.

It was a year ago that I told you to run out and buy as much gold (GLD) and silver (SLV) RIGHT NOW! That worked.

At this point, you have almost all of the upside in the trade. The only downside is possible. So take the win and sit down and smell the roses. It’s not worth hanging on for three more months for the last five cents. As my late mentor Barton Biggs used to remind me, “Always leave the last 10% of a trade for the next guy.” By coming out here, we are leaving the last 5% for the next guy.

If you wonder why I have some customers who have renewed with Mad Hedge Fund Trader for 15 consecutive years, this is the reason.

I am therefore selling the ProShares Ultra Silver (AGQ) January 2026 $49-$50 out-of-the-money vertical Bull Call spread LEAPS at $0.95 or best.

DO NOT USE MARKET ORDERS UNDER ANY CIRCUMSTANCES.

A year ago, I told you that if you don’t do options, buy the stock. My target for (AGQ) in 2025 was $85, up 99%. Not bad. Take the remaining $3 out of my paycheck.

This was a bet that ProShares Ultra Silver (AGQ) will not fall below $50.00 by the January 16, 2026, option expiration in 15 months.

To learn more about the company, please click here to visit their website.

Please note that these options are illiquid, and it may take some work to get in or out. Executing these trades is more of an art than a science.

Eventually, you will enter a price that gets filled immediately. That is the real price. Then enter an order for your full position at that real price.

Notice that the day-to-day volatility of LEAPS prices is minuscule, less than 10%, since the time value is so great, and you have a long position simultaneously offset by a short one.

This means that the day-to-day moves in your P&L will be small. It also means you can buy your position over the course of a month, just entering new orders every day. I know this can be tedious, but getting screwed by overpaying for a position is even more tedious.

Only use a limit order. DO NOT USE MARKET ORDERS UNDER ANY CIRCUMSTANCES. Just enter a limit order and work it.

Here are the specific trades you need to close out this position:

Sell 1 January 2026 (AGQ) $49.00 calls at………..……….………$33.00

Buy to cover short 1 January 2026 (SLB) $50.00 calls at…….$32.05

Net Proceeds:………….………………….………..………….……………..$0.95

Profit: $0.95 – $0.30 = $0.65

(1 X 100 X $0.65) = $65 or 216% in 12 months.

To see how to enter this trade in your online platform, please look at the order ticket below, which I pulled from Interactive Brokers.

If you are uncertain on how to execute an options spread, please watch my training video on “How to Execute a Vertical Bull Call Debit Spread” by clicking here.

The best execution can be had by placing your bid for the entire spread in the middle market and waiting for the market to come to you. The difference between the bid and the offer on these deep in-the-money spread trades can be enormous.

Don’t execute the legs individually, or you will end up losing much of your profit. Spread pricing can be very volatile on expiration months farther out.

Keep in mind that these are ballpark prices at best. After the alerts go out, prices can be all over the map.